Braille Energy Systems Announces the Successful Testing of Its New Group 31 Fleet Lite Lithium Battery and Fleet Lite Marine Battery
OTTAWA, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Braille Energy Systems Inc. (formerly Mincom Capital Inc.) (TSX-V:BES) (“BESI” or “Braille” or the “Company”) is pleased to announce the successful completion of Braille Battery’s testing for its NEW Group 31 Fleet Lite Lithium Battery and Fleet Lite Marine Battery with a number of key partners. Braille Battery is owned 100% by Braille Holdings Inc. and BESI, formerly Mincom Capital Inc., purchased 89.95% equity interest in Braille Holdings Inc. For more details on the transaction, please refer to www.sedar.com.
Having met key milestones, BESI is well positioned to provide ready-to-market energy solutions to meet the growing energy demands of on-board computer controls for engines, brakes, and transmissions in both fleet and marine vehicles.
Lindsay Weatherdon, President of Braille Battery states: “We are taking our knowledge from our successes in Performance Automotive and Recreational and applying to Fleet and Marine segments; there is a correlating increase in the energy demand thresholds for starting reliability and deep cycling. Specifically, “No Idle Laws” being introduced globally within the trucking industry require more reliable and efficient battery technology and we are extremely confident that our NEW Group 31 Fleet-Lite Lithium Battery will meet this demand. We are ready to share some of the market’s most innovative energy solutions for the Fleet and Marine markets.”
With a strong history providing cutting edge energy solutions for North American high performance motorsport vehicles, BESI will be rolling out its Braille Battery product offerings in a North American wide launch late summer 2018. Supported with both consumer and industry marketing campaigns, BESI will build on its celebrated success in motorsport to increase awareness in both the Fleet and Marine markets.
About Braille Energy Systems Inc.
Braille Energy Systems Inc. holds a 89.95% equity interest in Braille Holdings Inc., which holds a 100% equity interest in Braille Battery Inc. Braille Battery is an established battery-manufacturing and energy storage company supplying batteries to the professional motor sports industry and the pioneer of a complete line of lightweight high powered battery systems for the transportation market. Braille Energy Systems (BESI) will expand its market penetration into a wider range of market segments that require light weight, high-performing energy solutions, using the most scientifically advanced materials.
Markets need better performing energy storage solutions to satisfy the huge growth expected in many different sectors like electric vehicles, solar and wind energy storage as well as portable electronic devices. With two manufacturing locations in North America, BESI will provide customers with security of supply, off-the-shelf shipments and superior service.
BESI will penetrate key market segments with superior product performance utilizing graphene based materials.
Disclaimer & Forward Looking Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Mincom's growth, the state of the financial markets, regulatory risks and other factors. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of the private placement transaction. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, Mincom disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. More detailed information about potential factors that could affect Mincom's financial and business results is included in public documents Mincom files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.
Braille Energy Systems Inc. Judith Mazvihwa-MacLean CFO 613-447-8521 jmazvihwa@mincomcapital.com
